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Open a Junior Self-Invested Personal Pension

You can open an HL Junior Self-Invested Personal Pension (SIPP) by completing an application form and returning it to us in the post.

What you need to remember

  • The Junior SIPP is designed for parents and guardians who are happy to make investment decisions on their child’s behalf. If you’re not sure where or how to invest, please seek financial advice. There’s no personal advice on our website.
  • All investments can go up and down in value, so your child could get back less than invested.
  • Once money is in a pension, it usually can't be accessed until age 55 – which will rise before your child reaches retirement. Up to 25% is usually tax free and the rest is taxed as income.
  • Pension and tax rules can change, and their benefits depend on individual circumstances.
  • If you are transferring your child's pension from another provider, please ensure your child won't lose any valuable guarantees or benefits. You should also check for any excessive exit fees before transferring.

What you need to read first

By opening an HL Junior SIPP, you agree to our terms, so make sure you’ve carefully read and understood the following:

Please contact us if you have any queries on any of the above documents.